St. Jude Medical (STJ) – Bear of the Day
Source: http://www.zacks.com/commentary/12842/St.+Jude+Medical+%28STJ%29+-+Bear+of+the+DayPosted on Tuesday, November 24th, 2009 | In Investing Lessons, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
We look for global demographic trends — aging populations in developed nations and the rapid urbanization of developing countries — to fuel long-term growth of St. Jude Medical (STJ). These trends give rise to growing demand for cardiovascular health care.
However, recent weaknesses in the CRM segment, particularly in the U.S., are headwinds for St. Jude in the near-term. This might force the company to lose market share to its competitors.
Earnings per share in the third quarter reached $0.59, beating the Zacks Consensus Estimate by one cent. However, we have chosen to downgrade the stock to an Underperform with a target price of $31.Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- Steel Dynamics Raises Debt - Analyst Blog - March 19th, 2010
- DuPont Focus on Plant Genetics - Analyst Blog - March 19th, 2010
- Ford Receives Grants - Analyst Blog - March 19th, 2010
- HD to roll out Spring Black Friday - Analyst Blog - March 19th, 2010
- PPL Awards $70M Contract, Builds Jobs - Analyst Blog - March 19th, 2010
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.